140 Hillside Avenue, Ben Lomond, CA 95005
-
Listed Price :
$2,700,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1922
Property Description
Multi-Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, In the heart of Ben Lomond, this unique 9-unit income property offers a rare opportunity to own a piece of paradise. Situated on over 1.5 acres of tranquil, creekside land along the San Lorenzo River, this property is surrounded by majestic redwoods, offering both privacy and beauty. Walk to downtown Ben Lomond or 20 Minutes to the Beaches of Santa Cruz. The property is almost always fully rented and earns great income for the owners. The complex boasts a great mix of units: 3-bed/2-bath, 2-bed/1-bath, and 1-bed/1-bath, plus studio apartments. The property has long-term tenants and very low turnover. This property generates a gross income of $286,452 annually, with an additional $1200 in bonus income from the laundry, delivering an excellent 6%+ CAP rate. This works out to about $300K per unit. For potential owner-occupiers, the spacious 3-bed/2-bath home offers the opportunity to live in a serene, creekside setting while covering your expenses with rental income from the other units. This is a fantastic investment opportunity in one of the most picturesque locations in Ben Lomond. Don't miss your chance to own this incredible piece of real estate!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
140 Hillside Avenue |
| City |
Ben Lomond |
| State |
CA |
| Zip |
95005 |
| County |
Santa Cruz |
| Listing Agent |
Kroft & Hulsey Team DRE #70000646 |
| Courtesy Of |
Room Real Estate |
| List Price |
$2,700,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
66,777 |
| Year Built |
1922 |
Listing information courtesy of: Kroft & Hulsey Team, Room Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 27th, 2024 at 8:38 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
